Indonesian sale nets Newmont US$1.3B
VANCOUVER — Newmont Mining (NYSE: NEM) indicated earlier this year that it was in talks to divest its Indonesian business unit to a consortium of local investors, and on June 30 it…
Newmont Mining Corp
The Northern Miner podcast – episode 19: Brexit fallout, pipelines and retirement
Lesley and Matt reflect on Brexit and the recent run in gold prices before discussing Newmont Mining‘s (NYSE: NEM) Batu Hijau sale, Imperial Metals (TSX: III) getting the greenlight to…
US markets recoup post-Brexit losses, June 27-30
U.S. equities largely recovered from the turmoil after the Brexit vote, as diminished prospects of interest rate hikes in the U.S. drove gold and silver prices higher. For the trading…
Pilot Gold acquires past-producer in Idaho
The purchase of a past-producing heap leach mine in southeastern Idaho marks Pilot Gold’s (TSX: PLG) first acquisition this year and underscores the junior’s heightened focus on gold projects in…
It’s official: Lydian to start construction at Amulsar
Lydian International (TSX: LYD) has decided to build Armenia’s largest gold mine, with the first gold pour anticipated in 20 months. The company has more than 80% of the financing…
US markets inch higher, April 18-22
It was a relatively quiet week on the U.S. economic front. The Dow Jones Industrial Average finished at 18,003.75, a 0.6% gain, while the S&P 500 Index advanced 0.5% to…
Newmont has profitable Q1, updates Batu Hijau’s status
VANCOUVER — Newmont Mining (NYSE: NEM) has tabled a first quarter highlighted by adjusted earnings of US34¢ per share and free cash flow of US$227 million. First-quarter earnings came in at US$182…
TMAC targets commercial production at Hope Bay in 2017
TMAC Resources (TSX: TMR) aims to get its flagship Hope Bay gold project in Nunavut into commercial production in early 2017. Located in the Kitikmeot region, 125 km southwest of Cambridge…
The Northern Miner podcast – episode 7: On gold discoveries and technical difficulties
Lesley Stokes and Matt Keevil overcome long odds and technical challenges courtesy of Windows 10 to deliver another riveting episode on time and on budget. Topics include discussion on a…
Moody’s cuts Goldcorp’s credit rating
Moody’s Investors Service has downgraded Goldcorp’s (TSX: G; NYSE: GG) senior unsecured ratings one notch above junk status, while confirming its ratings for Barrick Gold (TSX: ABX; NYSE: ABX), AngloGold…
This industry’s ‘ripe for consolidation’
Pierre Lassonde built his remarkably successful career on gold, as cofounder and chairman of gold royalty powerhouse Franco-Nevada, a former CEO of Newmont Mining, a past chairman of the World…
A major gamble
There’s something about the allure of diamonds that tempts even the most conservative of mining companies. Since the unexpected discovery of the rich Ekati deposits in the Northwest Territories 20…